‘Legally vetted’ pact on services tabled at WTO

India recently said it has submitted to the World Trade Organisation (WTO) a legally vetted proposal on a global services pact that among other things, aims to ease norms for movement of skilled workers across borders for short-term work.

The proposal for a Trade Facilitation in Services (TFS) Agreement will be taken up by an expert committee at the WTO headquarters in Geneva during March 14-17.

Aims of the Proposed Pact:

The proposed pact also aims to ensure portability of social security contributions, a single window mechanism for foreign investment approvals and cross-border insurance coverage to boost medical tourism.

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